The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday adjusted the pump price of Premium Motor Spirit (PMS) across its retail outlets, in line with the current market realities.
According to reports, the adjustment by NNPC Ltd. was triggered by the pronouncement of President Bola Tinubu that fuel subsidy has ended with the coming of his administration.
A correspondent who monitored NNPC Ltd retail outlets in Abuja reports that the price moved from N194 per litre to N537 per litre.
Meanwhile, a statement by Garba Muhammad, Chief Corporate Communications Officer NNPC Ltd. said as it strived to provide quality service which the company was known for, prices would continue to fluctuate to reflect market dynamics.
“The NNPC Ltd. wishes to inform our esteemed customers that we have adjusted our pump price of PMS across our retail outlets, in line with the current market realities.
“We assure you that NNPC Ltd. is committed to ensuring ceaseless supply of products.
“The Company sincerely regrets any inconvenience this development might have caused,” Muhammad said.
He appreciated the continued patronage, support and understanding of its customers through this time of change and growth.